Q3 FFO of $144.2M or $0.47 per share vs. $130.3M and $0.43 one year ago.

Same-property NOI up 3.9% Y/Y, with annualized base rent per square foot of $12.10 vs. $11.87 a year ago.

Updating its "Raising the Bar" initiative (presentation here), Brixmor (NYSE:BRX) notes it has executed 285 new anchor leases since July 2011, which begat follow-on small shop leasing at 179 properties. The new lease signings have been at an average $20.35 per square foot vs. in-place rents of $12.10 per square foot.

Brixmor estimates cap rates have improved by as much as 250 basis points for these assets, and another 160 shopping centers have been identified as next targets for "Raising the Bar" over the next five years.